Volkswagen's PowerCo battery company increases capital by 1,650%, Volkswagen's PowerCo battery company increases capital by 1.32 billion.

Tianyancha App shows that Baowoke Battery Co., Ltd. recently underwent a business registration change, with its registered capital increasing from RMB 80 million to RMB 1.4 billion, an increase of 1,650%. The company was established in August 2026, with Luo Laimeng as its legal representative. Its business scope includes battery parts sales, battery manufacturing, battery sales, and other activities. It is jointly held by PowerCo Holdco Battery S.A. and Volkswagen Automotive Investment Co., Ltd.